A Call Option on a Stock Has an Exercise Price

question 102

Multiple Choice

A call option on a stock has an exercise price of $14.If the stock price at expiration is $13.50,what is the option payoff for a long call position?

• A)$0.50
• B)$0
• C)-$0.50
• D)$13.50
• E)$14

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Definitions:

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